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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Indra Sistemas's Sloan Ratio for the quarter that ended in Jun. 2026 was -9.16%.
As of Jun. 2026, Indra Sistemas has a Sloan Ratio of -9.16%, indicating the company is in the safe zone and there is no funny business with accruals.
Indra Sistemas (HAM:IDA) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Indra Sistemas has a Sloan Ratio of -9.16%, indicating the company is in the safe zone and there is no funny business with accruals.
Indra Sistemas Sloan Ratio % Related Terms
Indra Sistemas Sloan Ratio % Historical Data
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The historical data trend for Indra Sistemas's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAM:IDA vs IBM, ACN, FISV: Sloan Ratio % Comparison
For the Information Technology Services subindustry, Indra Sistemas's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Indra Sistemas Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, Indra Sistemas's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Indra Sistemas's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Indra Sistemas's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Indra Sistemas's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 76.6 (Sep. 2025 ) + 221.162 (Dec. 2025 ) + 76.1 (Mar. 2026 ) + 143.143 (Jun. 2026 ) = €517 Mil.
Indra Sistemas's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -98.4 (Sep. 2025 ) + 687.938 (Dec. 2025 ) + 1521.4 (Mar. 2026 ) + 180.857 (Jun. 2026 ) = €2,292 Mil.
Indra Sistemas's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -80.3 (Sep. 2025 ) + -609.37 (Dec. 2025 ) + -67.2 (Mar. 2026 ) + 57.714 (Jun. 2026 ) = €-699 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Indra Sistemas (HAM:IDA) has a Sloan Ratio % of -9.16% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Indra Sistemas and its competitors.
Is Indra Sistemas' Sloan Ratio % too high?
Indra Sistemas' current Sloan Ratio % is -9.16%. Overall, Indra Sistemas has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indra Sistemas' Sloan Ratio % compare to IBM and ACN?
Indra Sistemas' Sloan Ratio % of -9.16% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Software company?
A good Sloan Ratio % depends on the Software industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Indra Sistemas and its competitors. Indra Sistemas's current Sloan Ratio % is -9.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indra Sistemas stock overvalued right now?
Based on GuruFocus' analysis, Indra Sistemas (HAM:IDA) is currently considered Significantly Overvalued. The stock's GF Value™ is €33.82, compared to a current price of €54.38 — trading 60.8% above its estimated fair value. The current Sloan Ratio % is -9.16%. Indra Sistemas' overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Indra Sistemas (HAM:IDA), the current Sloan Ratio % is -9.16% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Indra Sistemas (HAM:IDA) Overvalued in 2026?
Based on GuruFocus' analysis, Indra Sistemas stock appears to be overvalued.
The current stock price of €54.38 is trading 60.8% above its estimated GF Value™ of €33.82.
GuruFocus considers Indra Sistemas to be Significantly Overvalued.
Key valuation signals for HAM:IDA:
Sloan Ratio %: -9.16%
GF Value™: €33.82 vs. price of €54.38 (60.8% above fair value)
No single metric tells the full story. See the HAM:IDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indra Sistemas SA is a Spain-based provider of information technology offerings for finance, insurance, public administration, airports, defense, healthcare, media, telecom, security, energy, and infrastructure end markets. Its product capabilities include analytics, cloud computing, enterprise resource planning, networks and communications, electoral processes, bus technology, subway technology, and sustainability solutions. The firm generates revenue in Europe, Africa, the Middle East, the Americas, and Asia-Pacific.
89GF Score
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